UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 29,505 Shares of Helmerich & Payne, Inc. (NYSE:HP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Helmerich & Payne, Inc. (NYSE:HP) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 150,134 shares of the oil and gas company’s stock after selling 29,505 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Helmerich & Payne were worth $4,567,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Helmerich & Payne by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock worth $201,543,000 after purchasing an additional 176,179 shares during the period. Pacer Advisors Inc. grew its position in shares of Helmerich & Payne by 9.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after buying an additional 327,802 shares during the period. Earnest Partners LLC increased its stake in shares of Helmerich & Payne by 15.7% in the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after acquiring an additional 471,420 shares in the last quarter. Boston Trust Walden Corp lifted its position in Helmerich & Payne by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company’s stock valued at $80,320,000 after acquiring an additional 27,660 shares during the period. Finally, American Century Companies Inc. boosted its stake in Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after acquiring an additional 513,647 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Up 1.7 %

NYSE:HP opened at $34.45 on Thursday. The company has a market cap of $3.40 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 4.07 and a beta of 1.39. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $34.66 and a two-hundred day simple moving average of $34.66. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Helmerich & Payne’s revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HP has been the subject of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Barclays reduced their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Citigroup dropped their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Finally, Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.57.

Helmerich & Payne Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.